High-yielding Dividend King PepsiCo (NASDAQ: PEP) is an investment value too good to ignore because its business is solid, growth is forecasted, the margin is widening, and capital returns are flowing. Trading below $150 in early February, it is well below the historical average P/E multiple and the low end of the analysts' forecasted price range, where it is unlikely to remain long.
The likely scenario is that a bottom is in play, and a rebound lies ahead. When the rebound begins and how high it gets depends on the analysts. As it is, the analysts are bullish on the stock, but the price target revisions in late 2024 and early 2025 were downward and provided a headwind for the market.
